Author Question: Which financial statements are prepared for an Agency Fund? a. only a statement of fiduciary net ... (Read 69 times)

Metfan725 · **on:** Jul 5, 2018

Which financial statements are prepared for an Agency Fund?

a. only a statement of fiduciary net position
b. only a statement of changes in fiduciary net position
c. a statement of fiduciary net position and a statement of changes in fiduciary net position
d. a statement of fiduciary net position, a statement of changes in fiduciary net position, and a cash flow statement

Question 2

In creating an entity-relationship diagram, the correct sequence of steps is:
a. create tables, identify entities, identify relationships
b. identify relationships, identify entities, create tables
c. identify entities, identify relationships, create tables
d. create tables, identify relationships, identify entities